Impact of George Soros trading Crypto

[BucatkeCoin]

From bloomberg and other sources, I wouldn't believe it but it appears to be true despite the mogul saying Bitcoin was a bubble

https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

Do you think this will be good or bad for altcoins? Family Offices belonging to other billionaries might join or at least take notice but this is one of the best investors out there with enough means to push the market any direction he has in mind

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[Iggor]

I don't like his monkey face and what he is doing with his lobbying shit across the world as he made a lot of families in tears, but if he steps into crypto it will be a mess with FUDS and many other things.
On the other hand, his money will be beneficial for crypto.

[henrybek3]

Perhaps there are 'soros' among the groups that we call whales in the market. They may be the reason why we have not caught up with the ascension we wanted in spite of the many positive developments we have experienced recently.

[cryptofirm]

From bloomberg and other sources, I wouldn't believe it but it appears to be true despite the mogul saying Bitcoin was a bubble

https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

Do you think this will be good or bad for altcoins? Family Offices belonging to other billionaries might join or at least take notice but this is one of the best investors out there with enough means to push the market any direction he has in mind

he comes in the right tme, because a lot of fund managers is waiting for this situations
wich mean this is the best time to entry the crypt markets 

[preshpr1nce]

He has made positive comments about block chain before, remember this is one of the biggest pushers of globalism and he's made many open comments about the need for a one world currency.

I wouldn't expect him to short it or anything like that, would be more in his benefit to help with adoption based on his views and few comments made.

[ether19]

George Soros is known as the one who broke the Bank of England. He made a ton of money shorting GBP. He had some plans shorting Yen. I am sure he did short crude oil. I   hope he doesn't short cryptocurrency now!

[auliahr]

I am sure that many great people joining crypto will get better for future crpyto growth. Of course this is not the same as he said in January, but maybe he has thought and considered before participating in the crypto. I think this could have an impact on other great people and their citizens to join the crpyto world.

[Kebokantahu]

From bloomberg and other sources, I wouldn't believe it but it appears to be true despite the mogul saying Bitcoin was a bubble

https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

Do you think this will be good or bad for altcoins? Family Offices belonging to other billionaries might join or at least take notice but this is one of the best investors out there with enough means to push the market any direction he has in mind

he comes in the right tme, because a lot of fund managers is waiting for this situations
wich mean this is the best time to entry the crypt markets 

I see the current cryptocurrency does not yet have a strong foundation for the rise, but if it is true that he wants to do that, then I am sure will have a positive effect on the active volume spike, I know soros is controversial figure because it can reverse the market in just time less than 3 months, but still this is one good news for us, I still consider this as hoax/april mop because it is not clear when it will be realized with certainty, he also does not want to fail when the price is still in the downtrend.

[lelou]

One of the world's elites.. Crypto market is not far from being fucked by the elites and if this happens, centralization of big marketcap coins is possible.

[housebtc]

To me it is a good thing for the market, what I believe we need now are bigger exchanges, that has strong protection for users' fund. Soro is richer than Bitnifex and Binance combined and if such money and more is coming into the space will need exchnages that would be able to support them

[mamesso]

this will be a positive news for crypto.
at least May month we will find a worthy price for bitcoin and altcoin.
and the storm will soon leave.

[Fileiro]

Soros, like many other huge funds and individual whales have been manipulating the price of bitcoin down to these levels since the top in Dec '17, patiently waiting for a low price to start accumulation (this is why we got the futures, so they had an efficient means of shorting).

Next, they're probably working behind the scenes to get the ETF launched AFTER they filled their bags with cheap bitcoin. That's when the next wave of dumb money starts to rush in.. "A bitcoin etf? Wow, finally an easy way to diversify my retirement portfolio without the hassle and tax nightmare of crypto exchanges!"

Not until the next parabolic blowoff top will we see Georgie boy short the shit out of BTC. He needs your granny to dump her life savings into this market before he tanks it.

[criptoman83]

I respect George Soros, and I read a lot about him while I was studying in Uni. He is a very smart man and made a huge fortune thanks to his mind. If he decided to invest in crypto asset trading, i appreciate it as a positive sign for us.Just look he is going to operate the amount,which is now 1/10 of the entire capitalization of the cryptomarket.

[European Central Bank]

it's a sign that things are maturing. with that maturing comes all the professional vultures looking to maximise gains no matter what they have to do to get them.

it may suck big time for coin holders but this is what happens when the real world comes calling. as a guess the impact will make the rest of us sad.

[DaMut]

Impact ? of course it's a good sign for cryptos(which mean there will be another pump coming in).
but i believe in a few weeks/months later he will try to create his own crypto.
just like others,
they will try to maximize their opportunity to gain a lot of profit from uncertainty and idea,afterward there will be another ICOs.
(lets do not talk about manipulation,because i believe he's part of it from long time ago)

[Crypto_lion]

How exactly bis he different from the whales ? Some one pointed out that he is famous for shorting.Will he short the coins if he comes into the cryptos ? Did he really break the Sterling ?

[preshpr1nce]

How exactly bis he different from the whales ? Some one pointed out that he is famous for shorting.Will he short the coins if he comes into the cryptos ? Did he really break the Sterling ?

He's shorted a few currencies in the past, has a shit ton more money than your typical whale too, his "known" wealth appears to be a lot less than his true wealth, his true wealth is suppose to be 8 billion yet he donated 18 billion to his foundation last year, he would go down as probably the wealthiest player in this field.

Like I said though, he's made a few public comments about the need for a one world currency, he's also made comments about block chain being able to solve refugee problems, I would look at his goals with block chain as being positive rather than a desire to short it, he would stand for one of 3 things:

1. Make the market more well known, bringing money out of the fiat system in to block chain (he's made comments about the USD needing to go to better the world)
2. He will try keep prices less volatile to produce it in to a real usable currency
3. He's hungry for profit where ever he can see it, he will use the market as a profit tool

This guy has extremely huge influence in the trading world, he's one of the top dogs when it comes to investing and many follow his steps, many view the guy as the devil while others view him as a trading genius, in my eyes it'll be a good thing, if he was anti block chain I would be very concerned, but he seems to be pro block chain.

[Yewnais]

Many altcoins are easier to manipulate than stocks and there is no responsibility for it, so altcoins are attractive for speculation, this is normal.

[Viking81]

There is news that Rockefeller’s Venrock also going to invest in cryptoassets. Large institutional investors interest means huge money inflow for the cryptomarket in the observable future. Their massive incoming is inevitable due to high speculative opportunities, and a lot of them already operate in cryptotrading in different ways. It is bullish sign. But they emerge as super-whales that can easily manipulate the market taking into consideration their dominance over leading global mass-media and an access to almost unlimited funding sources (banking funding, hedge funds, etc.). The challenge here is that those superwhales are followed by stringent state regulation to transform the cryptomarket in the traditional centralised market model without strong price volatility. Moreover, they will actively promote their own cryptoassets to supplant "initial" cryptoassets like BTC.

[despondency]

Guys, you notice how the market is starting to prepare for a change of direction. There are such news as this. Soon, a new crowd of newcomers will be brought to the market